BitMine Acquires 1.52 Million ETH: Driving Institutional Interest in Ethereum

BitMine has taken a significant step forward in its Ethereum strategy, acquiring 1.52 million ETH worth over $6.6 billion to aim for a 5% stake in the cryptocurrency’s total supply. This move marks BitMine as the largest corporate treasury of Ethereum and triggers substantial institutional interest. This strategic investment aligns with MicroStrategy’s Bitcoin strategy, significantly raising eyebrows in the crypto market.